Malaysia raises minimum wage to 1,050 ringgit per month
The Malaysian government will raise and standardise the minimum wage for the private sector across the country as of January 1, 2019, fulfilling one of its central election pledges ahead of the anniversary of the country’s formation on September 16.
The new minimum wage is 1,050 ringgit ($257) per month or about 5.05 ringgit ($1.24) per hour – up from 1,000 ringgit ($245) for Peninsular Malaysia and 920 ringgit ($225) for East Malaysia.
In a statement, the Prime Minister’s Department said the increase took into account the economic situation of the country, and as such avoided any drastic raise that “could pose problems to various industries”.
“The increase in minimum wage is in line with the country’s current economic situation,” the Prime Minister’s Office said in a statement, stressing that any drastic increase in wages will cause other problems for industries and could affect the country’s competitiveness,” the statement said.
“As such, it is more appropriate if the minimum wage is raised in stages in the coming years so that industries, especially the smaller employers, will not have to close down their businesses due to the higher operating cost that could lead to the termination of employees,” it added.
The government urged employers and traders not raise prices of goods and services once the new minimum wage is implemented.
“The Domestic Trade and Consumer Affairs Ministry is tasked to monitor the situation,” the statement said.
The Malaysian government will raise and standardise the minimum wage for the private sector across the country as of January 1, 2019, fulfilling one of its central election pledges ahead of the anniversary of the country’s formation on September 16. The new minimum wage is 1,050 ringgit ($257) per month or about 5.05 ringgit ($1.24) per hour - up from 1,000 ringgit ($245) for Peninsular Malaysia and 920 ringgit ($225) for East Malaysia. In a statement, the Prime Minister’s Department said the increase took into account the economic situation of the country, and as such avoided any drastic raise that...
The Malaysian government will raise and standardise the minimum wage for the private sector across the country as of January 1, 2019, fulfilling one of its central election pledges ahead of the anniversary of the country’s formation on September 16.
The new minimum wage is 1,050 ringgit ($257) per month or about 5.05 ringgit ($1.24) per hour – up from 1,000 ringgit ($245) for Peninsular Malaysia and 920 ringgit ($225) for East Malaysia.
In a statement, the Prime Minister’s Department said the increase took into account the economic situation of the country, and as such avoided any drastic raise that “could pose problems to various industries”.
“The increase in minimum wage is in line with the country’s current economic situation,” the Prime Minister’s Office said in a statement, stressing that any drastic increase in wages will cause other problems for industries and could affect the country’s competitiveness,” the statement said.
“As such, it is more appropriate if the minimum wage is raised in stages in the coming years so that industries, especially the smaller employers, will not have to close down their businesses due to the higher operating cost that could lead to the termination of employees,” it added.
The government urged employers and traders not raise prices of goods and services once the new minimum wage is implemented.
“The Domestic Trade and Consumer Affairs Ministry is tasked to monitor the situation,” the statement said.
